Gussek Haus, a company with over 70 years of history, has filed for bankruptcy.
The prefabricated house manufacturer Gussek has declared bankruptcy, according to reports from Norddeutscher Rundfunk (NDR), citing the insolvency administrators. The company from Nordhorn, Lower Saxony, attributed its financial troubles to rising personnel and material costs, combined with a decline in sales over the past two years.
Despite the bankruptcy, the company’s operations will continue for the time being. The 393 employees will have their salaries secured for the next three months. However, it remains uncertain whether the ongoing construction projects and the company as a whole can be saved.
Prefabricated houses, often called prefab homes, are residences built in sections within a factory setting and then transported to the final site for assembly. This method allows for faster construction times and often lower costs compared to traditional homes. Prefab homes come in various types, including modular, manufactured, and kit homes, each offering different levels of customization and mobility. They are known for their energy efficiency and can be designed to meet high-quality standards and building codes.
Gussek Haus was founded in 1951 in Kassel and later relocated to Nordhorn. According to the company, it has built more than 20,000 houses to date.
